5 Stock Market Predictions For The Week Of May 13
Alibaba Group Holdings Ltd (NYSE:BABA) reports results this week, and the trade war worries messed things up for Alibaba which had been performing strongly. I think the stock rebounds this week and rises back to $187 following results.
Cisco Systems Inc (NASDAQ:CSCO) fell to support at $52.25, and it has held thus far. The RSI is trending higher, and I think that means the stock continues to climb and back to $57.50 following results.
NVIDIA Corporation (NASDAQ:NVDA) unfortunately, may be facing some of the same datacenter weakness that Intel (NASDAQ:INTC) saw in its latest quarter. I first noted that Nvidia Is On Shaky Ground Heading Into Results on May 8 and that Intel’s results were not a good sign for Nvidia at the of end April. I think the stock may heading lower still, potentially to $150.
The chart for Advanced Micro Devices Inc (NASDAQ:AMD) is still bullish; it is just taking a long time to happen. I still think it can head towards $31.50.
Microsoft (NASDAQ:MSFT) has filled the gap, and the stock looks as if it can to head higher now towards $141.
microsoft, msft stock
5 Stock Market Predictions: Microsoft To Head Higher
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